6 ways to make your layoff a payoff

Nov 9, 2017 13:06 IST

6 ways to make your layoff a payoff
6 ways to make your layoff a payoff

No one ever plans or thinks about a layoff from the organisation. It is a dreadful thought which you would never imagine because your family’s survival and other obligations depend on your monthly salary. But if in case, you happen to come at this phase in life, do not ever think of it as the end to all your dreams. Consider it as an opportunity to pursue other important plans that lived within you and were waiting to be unleashed. 

Here are a few simple ways in which you can make your layoff a perfect payoff for a wonderful beginning to the unplanned phase of life:

1. Look out for career transition

Yes you read it right! A layoff might sound as one shocking news, but do not feel blue. Take some time to accept the news but avoid being pessimistic. Open the doors of your mind and remind yourself about the ideas which you always wanted to pursue. Maybe this is the time when you get to meet the right people and pursue your entrepreneurial skills. Contact your friends who always wanted to work with you and were waiting for you to show the green slip.

Let your wings fly and utilise this time to make a blueprint of commencing a new venture. If you have the required capital, savings and right people on the board, then materialise your ideas.    

Is office stress killing you? Watch out for these signs and save yourself

2. Turn Your Hobby into a Business

The busy schedule of office life often leaves a person with no time for pursuing their interest. In case you also feel that your job was too demanding to let you pursue your hobbies, then do not waste the time after layoff to think about the reasons of this incident. Rather, utilise this time and convert your hobby into a business idea. Life has to move on and do not sulk yourself in the corner of a house to search for a new job opportunity. Look out for options that let you enjoy your worklife. If you possess love for writing, you can start working on writing a blog and later get paid for it, if you love photography, become a freelance photographer and then put your unique collection for sale on various image websites. Work out ideas that can help you earn money while you stay connected to your hobby.

3. Break the monotony of Work life

Layoff can be quite intriguing as it comes when you don’t have a direction about the future. But were you ready to move ahead in life without this push? Did you ever plan to move out of your comfort zone? Did you plan for the contingency? Take the layoff as a motivating factor to venture out on something new. It will surely break the monotony of your life. Travelling on the same roads, following the same schedule to work day in and day out and listening to the same tantrums of the boss or managing a team of people who are not ready to follow your instructions, can make anyone feel annoyed.    

So it’s time that you move out of your comfort zone and explore new options that can make you wiser. If you take up job as a teacher in the later stages of life, you will have plenty of live examples to share with the youth and can help them connect the theoretical knowledge with the practical know-how. Explore such options that carry the potential to move out from the age old methods of living life on the same frequency. 

Healthy Eating Habits for a Productive Day at Work

4. Enjoy your severance package

Usually when companies layoff the employees, they also give a severance pay. This means you save on your travelling cost, your other expenses on buying clothes and munching on the junk food. With this also comes the perk of enjoying some leisure time in life. So utilise this money to pay the bills or EMIs of the loans if you have any and then use the rest of the amount to actually experience the plans that you made long ago. Go for a dinner or lunch with friends in the weekends or even during the weekdays. Take your family out for a movie on the weekdays; this will save your cost of tickets as they are cheap during the weekdays. You can actually explore your city with less hustle and bustle during the weekdays and take rest during the weekends.   

5. Rejuvenate your mind body and soul

The layoff brings along negative thoughts about the bleak future, because at this juncture you have no idea regarding how to move forward. So curtail such thoughts and join yoga classes in the morning and go for your hobby classes in the evening. Meet people around you and talk with them. Go for the walk in the evening and gel with people. Use your contacts and give them your resume if you feel they can land you help in this time of crisis. Making new friends and socialising with people will keep you activated and you won’t lose the charm to move ahead in life.

6. Enrol for Higher Studies

You might be planning to enrol for an educational degree since very long. This is the time to utilise and put your energy to constructive use. Pick and choose the best programme that suits your career aspirations and this will save you from highlighting a gap in your Resume. Moreover, you will upgrade your skills to earn a better salary package than the current one. 

Share with us your layoff experience and how did you utilise this chance to embark upon a journey that brought joy in your life.

Also Read...

Simple Ways to Relax after a hectic day at ‘Office’

Show Full Article

Post Comment

Register to get FREE updates

All Fields Mandatory
  • Please Select Your Interest
  • By clicking on Submit button, you agree to our terms of use
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

X

Register to view Complete PDF

Newsletter Signup

Copyright 2017 Jagran Prakashan Limited.